Southern Connecticut State University Foundation Inc
- Assets
- $54.8m
- Revenue
- $5.0m
- Investments
- $49.9m
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 09/1972
- Data as of
- 06/2024
- EIN
- 23-7208882
Organization Overview
Southern Connecticut State University Foundation Inc is located in New Haven, CT. The organization was established in 1972. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Connecticut State University Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Southern Connecticut State University Foundation Inc generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $5.2m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY, CULTURAL,(CONTINUED ON SCHEDULE O) EDUCATIONAL AND RECREATIONAL PURPOSES TO PROMOTE THE OBJECTIVES AT SOUTHERN CONNECTICUT STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS & AWARDS - PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ENROLLED IN THE UNIVERSITY TO ASSIST THEM IN OBTAINING THEIR UNDERGRADUATE AND GRADUATE DEGREES AND/OR RECOGNIZE THEM FOR SPECIFIC ACCOMPLISHMENTS THEY HAVE ACHIEVED IN AN AREA OF STUDY.
UNIVERSITY PROGRAM SUPPORT & EVENTS - RESOURCES IN THE WAY OF FINANCIAL SUPPORT PROVIDED TO ENHANCE THE EDUCATIONAL AND SOCIAL PROGRAMS OFFERED BY THE UNIVERSITY TO ITS STUDENTS, ALUMNI, AND THE EXTENDED COMMUNITY.
UNIVERSITY ATHLETIC PROGRAM SUPPORT - BROAD BASED SUPPORT OF THE MEN'S AND WOMEN'S INTER-COLLEGIATE ATHLETIC PROGRAM OF THE UNIVERSITY TO ASSIST IT IN BEING COMPETITIVE WITH OTHER DIVISIONAL SCHOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Borajkiewicz Board Chair | OfficerTrustee | 2 | $0 |
David Vance Director | Trustee | 2 | $0 |
Edmund Marcarelli Director | Trustee | 2 | $0 |
J Philip Smith Director | Trustee | 2 | $0 |
Jacquelynn Garofano Director | Trustee | 2 | $0 |
Jocelynne Rainey Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ki Concerts Llc Travel For Student Trip | 6/29/20 | $250,325 |
American Program Bureau Inc Entertainer-distinguished Lecture Paymen | 6/29/20 | $120,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,175 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,618,846 |
| Noncash contributions included in lines 1a–1f | $28,713 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,682,021 |
| Total Program Service Revenue | $83,940 |
| Investment income | $54,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,254,312 |
| Net Income from Fundraising Events | -$51,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,023,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,538,879 |
| Grants and other assistance to domestic individuals. | $74,068 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $221,601 |
| Fees for services: Legal | $29,631 |
| Fees for services: Accounting | $37,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,590 |
| Fees for services: Other | $10,056 |
| Advertising and promotion | $0 |
| Office expenses | $81,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,441 |
| Travel | $1,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,661 |
| All other expenses | $0 |
| Total functional expenses | $5,175,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $810,612 |
| Savings and temporary cash investments | $21,780 |
| Pledges and grants receivable | $3,693,987 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $49,938,189 |
| Investments—program-related | $360,343 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,824,911 |
| Accounts payable and accrued expenses | $773,002 |
| Grants payable | $0 |
| Deferred revenue | $10,745 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $272,390 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,102 |
| Total liabilities | $1,064,239 |
| Net assets without donor restrictions | $4,830,168 |
| Net assets with donor restrictions | $48,930,504 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $54,824,911 |
Grants Awarded
Over the last fiscal year, Southern Connecticut State University Foundation Inc has awarded $1,898,147 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN CT STATE UNIVERSITY PURPOSE: AWARDS, SCHOLARSHIPS, GRANTS & FINANCIAL ASSISTANCE | $1,851,147 |
SOUTHERN CT STATE UNIVERSITY ALUMNI ASSOCIATION PURPOSE: FUNDRAISING EFFORTS | $47,000 |